Duke Energy (DUK) Offering Possible 8.7% Return Over the Next 9 Calendar Days

Duke Energy's most recent trend suggests a bullish bias. One trading opportunity on Duke Energy is a Bull Put Spread using a strike $92.50 short put and a strike $87.50 long put offers a potential 8.7% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $87.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Duke Energy is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Duke Energy is bullish.

The RSI indicator is at 77.98 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Duke Energy

Read This Before You Buy Duke Energy Corporation (NYSE:DUK) Because Of Its P/E Ratio
Mon, 09 Sep 2019 12:22:04 +0000
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll…

Should You Invest in the Fidelity MSCI Utilities Index ETF (FUTY)?
Mon, 09 Sep 2019 10:50:10 +0000
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Duke Energy restores power to more than 288,000 customers in eastern North Carolina following Hurricane Dorian
Sat, 07 Sep 2019 15:38:00 +0000
– 12,000 customers remain without electricity as of 9 a.m. Saturday – Service will be restored by late Sunday to nearly all customers; most sooner – Workers repairing damaged power lines across region …

Duke Energy restores power to more than 140K customers hit by Hurricane Dorian
Fri, 06 Sep 2019 18:55:00 +0000
Hurricane Dorian appears to be causing less damage to the eastern Carolinas than once feared, as Duke Energy Corp. reports about 210,000 customers have lost power to the winds and flooding caused by the now-Category 1 hurricane.

Duke Energy completes $1.25B sale of renewables stake to John Hancock
Fri, 06 Sep 2019 18:30:23 +0000
Duke Energy closed Friday on the $1.25 billion sale of a minority stake in a total of 41 commercial wind, solar and battery-storage projects to a John Hanckock Infrastructure Fund. The sale by Duke Energy Renewables involves a 49% share of 19 wind projects and of the battery project associated with its NoTrees wind farm in Texas. It also involves stakes of 33% to 49% in 21 solar projects, including 10 in California.

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